Guofu Quantum Raises HK$350 Million in 12% Discounted Placing of 219 Million Shares
Guofu Quantum (00290) announced a top-up placing of up to 219 million new shares at HK$1.60 each, raising gross proceeds of about HK$350 million. The placing price represents a discount of approximately 12.09% to the previous close. The stock fell as much as 9.3% to HK$1.65, and traded down 6% at HK$1.71 by mid-morning. Net proceeds of about HK$346 million will be allocated to computing power centers, quantum computing applications, an industry fund, a finance academy, and working capital.
Guofu Quantum (00290) fell after announcing a placing of new shares at a 12% discount to raise HK$350 million. The stock dropped as much as 9.3% to an intraday low of HK$1.65. At 10:18 a. m. , it traded at HK$1.71, down 6%, with turnover exceeding HK$380 million. The company said it will place up to 219 million new shares via a top-up placing, representing about 2.08% of the enlarged issued share capital. The placing price is HK$1.60 per share, a discount of approximately 12.09% to the previous closing price of HK$1.82. Assuming full placement, total proceeds will be approximately HK$350 million, with net proceeds of about HK$346 million. Of that, approximately 20.2% will be used for the construction of small computing power centers; 28.9% for exploring applications of quantum computers in drug discovery and new materials discovery; 34.7% for a quantum industry fund; 8.7% for a quantum finance academy; and 7.5% for working capital.